4 ms·
Canada generally uses GAAP like the US so theres no problem there. Also, accounting isnt going to be a serious issue when a company wants to buy you. This is
by camz 16y ago
Canada generally uses GAAP like the US so theres no problem there. Also, accounting isnt going to be a serious issue when a company wants to buy you. This is more like an afterthought. If the buyer gets a tax benefit then thats icing on the cake but the accounting wont make a big difference unless they see that your books and records are complete shit and totally messed up. Then the buyer might get scared and think you're cooking the books. But, thats the only situation i can think of that would make a big deal.